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Disbarred Stephen Yagman Seeks to Hold Onto his Home
Stephen Yagman is a civil rights attorney who was convicted for “failing to pay hundreds of thousands of dollars in personal income and payroll taxes on behalf of his firm, then called Yagman & Yagman.” Afterwards he was convicted of bankruptcy fraud. Prosecutors alleged that he had “hidden assets, including a 2800 square foot house from creditors and trustees overseeing bankruptcies for Yagman and his firm.”
According to Law.com, at this time prosecutors are looking to move into Yagman’s wife’s assets and take $300,000 in cash as well as the house. They claim that in the 1999 bankruptcy case that Yagman never reported that cash or the house.
Because Yagman was not in possession of the house or the money at the time when he filed for bankruptcy, he is arguing that the government “lacks jurisdiction over the house or money.” Yagman’s wife claims that before they were married, he gave her that house, and as a result he has no legal claims or ownership. Also, Yagman and wife mention that the money in question was an inheritance they received from the death of an uncle in 2011. U.S. District Judge Stephen Wilson has not ruled on the motion and Monica Tait, assistant U.S. Attorney also hasn’t commented.
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